US PREMARKET ACTIONS: October 15, 2025
Futures Indices
- Dow Futures: +0.4%
- S&P 500 Futures: +0.5%
- Nasdaq 100 Futures: +0.7%
- US 10-Year Yield: upcoming
Market Environment
US indices are rising in pre-market trading, following a volatile session marked by renewed trade tensions between the US and China. Investors are now focused on the upcoming earnings from major banks.
Fed Chair Jerome Powell stated that the Fed’s balance sheet tightening will soon end, emphasizing the priority given to employment over inflation in monetary policy making:
“Powell reiterated that employment concerns currently outweigh those related to inflation. The data used is sometimes of questionable quality due to the shutdown, but Powell has shown he can rely on it in his decisions.” — Paul Donovan, UBS.
On the political front, Donald Trump reignited US-China trade tensions by raising the possibility of breaking off agricultural product trade, briefly dragging the S&P 500 lower late in the session.
“The rebound was triggered by Powell’s dovish comments, but Trump’s statements rekindled market worries.” — Jim Reid, Deutsche Bank.
Finally, the US government shutdown enters its 15th day, approaching the historic record of 35 days.
Stocks to Watch
SPRC +12.46%
SciSparc soars after announcing the acquisition of a stake in Miza III and the transfer of its pharmaceutical portfolio.
NA +2.67%
Nano Labs climbs after announcing a $25 million share buyback plan.
LAES +9.15%
SEALSQ rises after signing a post-quantum KYC agreement, strengthening its presence in the cybersecurity segment.
CRDO +4.93%
Credo jumps after announcing a custom chip development plan for AI data centers.
BAC +4.81%
Bank of America posts stronger than expected results with EPS of $1.06 (+$0.11) and revenues of $28.09B (+$630M).
MS +3.84%
Morgan Stanley exceeds expectations with EPS of $2.80 (+$0.69) and revenues of $18.22B (+$1.55B).
KROS +1.72%
Keros announces the return of $375M excess capital to shareholders.
NEWP -5.35%
New Pacific Metals falls after announcing $35.1M in financing via share issuance.
ASPI -8.33%
ASP Isotopes drops after the pricing of a $210.3M capital raise.
SYF -1.50%
Synchrony Financial, despite better results, is hit by profit-taking.
Recommendation Changes
JPMorgan Chase & Co. ($JPM) → Upgrade to Buy (Punto Research), target raised from $290.25 to $327.63
Ovintiv Inc. ($OVV) → Upgrade to Outperform (RBC Capital), target: $55
Cyberark Software ($CYBR) → Maintained at Hold (Canaccord Genuity), target raised from $440 to $502
Alphabet Inc. ($GOOGL) → Maintained at Buy (Goldman Sachs), target raised from $234 to $288
Applovin Corp. ($APP) → Maintained at Neutral (Goldman Sachs), target raised from $445 to $630
Monolithic Power Systems ($MPWR) → Maintained at Outperform (Oppenheimer), target raised from $800 to $1200
Vertiv Holdings ($VRT) → Maintained at Buy (Deutsche Bank), target raised from $168 to $216
Albemarle Corp. ($ALB) → Maintained at Equalweight (Wells Fargo), target raised from $70 to $90
Tko Group Holdings ($TKO) → Maintained at Neutral (Arete Research), target raised from $117 to $171
L3Harris Technologies ($LHX) → Maintained at Equalwt (Morgan Stanley), target raised from $250 to $350
Kratos Defense & Security ($KTOS) → Maintained at Buy (Stifel), target raised from $70 to $112
Johnson & Johnson ($JNJ) → Maintained at Outperform (Raymond James), target raised from $174 to $209
Fluor Corporation ($FLR) → Maintained at Buy (President Capital), target raised from $42 to $65
Bwx Technologies ($BWXT) → Maintained at Buy (President Capital), target raised from $188 to $300
Cyberark Software ($CYBR) → Downgraded to Hold (Canaccord Genuity)
FirstEnergy Corp. ($FE) → Downgraded to Sector Weight (KeyBanc Capital)
Roper Technologies ($ROP) → Downgraded to Underweight (JPMorgan), target reduced from $577 to $541
Watsco, Inc. ($WSO) → Downgraded to Market Perform (William Blair)
Schlumberger Ltd. ($SLB) → Maintained at Buy (Melius Research), but target reduced from $82 to $63.45
Sofi Technologies, Inc. ($SOFI) → Maintained at Underperform (Keefe Bruyette), target raised from $14 to $18
Have a great session everyone
Sylvain Mouilhaud: Stock Coach